
On June 29, August live cattle closed $2.25 lower and August feeder cattle $2.37 lower on fund liquidation. Cash cattle trade was quiet, boxed beef rose, and July lean hogs closed $0.90 higher.
Fund selling pressured cattle futures while firm boxed beef limits downside, a routine market move with no new supply shock.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Fund liquidation on June 29 sent August live cattle down $2.25, starting the week's decline.
Fund liquidation pressured cattle futures at the start of the week; this is the June 29 session, one day before the move, and indicates continued selling momentum.